Hertz Buys California Studio Equipment Rental Firm

Hertz Global Holdings Inc. acquired California-based 24/7 Studio Equipment, a studio equipment rental company, from private equity firm Prospect Partners LLC for an undisclosed sum.

December 21, 2010

Car rental company Hertz Global Holdings Inc. acquired California-based 24/7 Studio Equipment, a studio equipment rental company, from private equity firm Prospect Partners LLC for an undisclosed sum.

"Acquiring 24/7 Studio Equipment will enable us to grow our entertainment services division in California as well as in other film markets around the country, and will give us access to customers and markets not currently serviced by Hertz," Hertz Chief Executive Mark Frissora said in a statement.

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